Market News

Catastrophe bond and insurance-linked securities issuance continued at a brisk pace over the past month, according to Artemis, with 2020 issuance approaching $8.25 billion. The Artemis Catastrophe Bond & Insurance-Linked Securities Deal Directory showed the issuance of just over $1 billion in new CAT bonds over the past month. Read More

With insurance premiums rising sharply for a wide range of coverages in the traditional market, captive insurance managers and regulators see captive formations increasing dramatically over the remainder of the year, with those increases continuing in 2021. Read More

Fitch Ratings says a review of the COVID-19 pandemic's impact on global insurance sector ratings found that the rate of negative outcomes highlights the industry's resilience going into the pandemic. The rating agency defined "negative outcomes" as the combination of negative outlooks, negative watches, and downgrades. Read More

Expanding state workers compensation laws to cover COVID-19 would increase loss estimates and pose a potential earnings hit to insurers writing workers comp, according to A.M. Best. A number of states have begun the process of enacting legislation or issued executive orders on workers compensation coverage for essential employees. Read More

Eversheds Sutherland has rolled out its alternative legal services provider subsidiary Konexo in the United States. The firm launched Konexo in June 2019. Carmen L. Brun, who previously practiced in Eversheds Sutherland's Securities Enforcement and Litigation practice, is leading the US expansion. Read More